Pace University

Detailed Course Information

Spring 2009
Mar 31, 2015

Select the desired Level or Schedule Type to find available classes for the course.

LAW 607 - Real Estate Transactions and Finance

The course explores the real property transfer process, including duties and obligations of broker, seller and buyer to each other; the formal requirements for an enforceable contract; remedies; income tax aspects of real estate and closings; and title insurance. Fundamental aspects and legal problems of real estate financing are also explored, such as absolute deed as a mortgage; remedies of mortgagees, including receivership, assignments of rents, possession; transfers of mortgagor's interest; transfer of mortgagee's interest; foreclosure by judicial proceedings and by power of sale; equitable and statutory redemption. The course may also explore the law concerning leasehold financing, construction financing, purchase money mortgages, replacement and modification of senior mortgages and impact on junior lienors.
4.000 Credit hours
4.000 Lecture hours